Digital asset treasury stocks have witnessed a notable upswing, with Ether-focused companies leading recoveries of up to 12.35% as cryptocurrency markets bounced back from recent sell-offs.

One standout is EthZilla (ETHZ), which saw a rise of 12.35% on Tuesday, pricing at $10.80 post-market trading according to Google Finance. Meanwhile, BitMine, the largest Ether treasury, has reportedly been purchasing more assets, helping its stock to surge by 10.26% to $32.40, marking a jaw-dropping increase of over 650% since it declared its Ether strategy earlier this year.

In addition, mining company Thumzup Media Corp (TZUP) emerged as the top crypto stock performer with a 13.25% gain on the Nasdaq this Tuesday.

Crypto DAT stocks performed well on Tuesday. Source: SoSoValue
Crypto DAT stocks performed well on Tuesday. Source: SoSoValue

Bitcoin DAT Stocks Show Slower Recovery

While altcoin treasury companies have fared better, some like GD Culture Group (GDC), known for its virtual content production and TRUMP memecoin treasury, experienced an 11.4% stock increase, while Solana’s treasury (HSDT) marked a 9.36% progression.

Additionally, Michael Saylor’s Strategy (MSTR), the largest crypto treasury, is up 5.78% for the day, reaching an intraday high of $188. However, it has seen a considerable drop of 37.4% since the start of the year due to market fluctuations.

BitMine’s Strategic Purchases

Reports suggest BitMine has acquired a substantial amount of Ether during the dip, securing 7,080 ETH for approximately $19.8 million and 18,345 ETH valued at around $55 million on Tuesday alone, as per information shared by Lookonchain and Arkham Intelligence.

This investment strategy comes amidst Ether prices that have rebounded to a five-day peak of $3,060 in early morning trading.

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